NEW YORK (AP) — The oil spill spreading across the Gulf of Mexico has drained $32 billion from BP's stock market value. Lawsuits, fines, cleanup and reputation-repair are certain to cost the company billions more and could tie up BP for many years to come. Yet the still-unfolding environmental disaster isn't likely to put one of the world's largest oil companies out of business.
SACRAMENTO, Calif. (AP) — A coalition of business groups turned in signature petitions Monday for a ballot initiative that would unravel Gov. Arnold Schwarzenegger's top environmental priority. If the California Jobs Initiative qualifies for the November ballot, as expected, voters will be asked to consider putting the brakes on the nation's most far-reaching global warming law.
DETROIT (AP) — U.S. car shoppers took a wait-and-see approach in April. They eased up on purchases as the lure of big incentives faded and hoped summer would bring a new flurry of deals. Automakers will have to match incentives from Toyota Motor Corp. at least through Memorial Day.
ST. FRANCISVILLE, La. (AP) — The purchase of the Renew Paper mill near St. Francisville is official, but no decision has been made on restarting the plant, a plant official says. The $10 million sale was approved last month by a federal bankruptcy judge in Baton Rouge. West Feliciana Acquisition LLC, which is in bankruptcy reorganization, sold the 455,000-square-foot mill and 610 acres to Amzak Capital Management LLC of Florida.
NEOSHO, Mo. (AP) — Twin Rivers Foods says it will keep its plant in Neosho open, saving almost 500 jobs in the southwest Missouri town. The Fayetteville, Ark.-based company had told the state in February that it would close the chicken deboning plant on April 9 and lay off about 485 workers.
The LB942-LW Model reciprocating gas compressor from Blackmer (Grand Rapids, MI) features a single-stage, oil-free operation and is designed specifically for LPG transfer and vapor recovery. According to the company, its design helps reduce vibration, and it is well-suited for dealing with items that present poor suction conditions, such as pumps where system piping restricts flow and installations that require an initial lift to the liquid.
Bunting Magnetics (Newton, KS) developed a new design for its cross-belt conveyor product line. The new design features an improved magnetic deep-reach circuit and tramp metal deflector to help increase belt protection. It also has a new wing design that seals the edge of the belt and keeps tramp metal from snapping to the side of the conveyor frame, or getting under the belt.
VICI Precision Sampling (Baton Rouge, LA) offers a wide range of custom and pre-cut metal tubing, including 316 stainless steel, Nickel 200, Hastelloy C, Inconel 600, electroformed nickel, and titanium. All metal tubing is electrolytically cut and deburred, then cleaned with high pressure, micro-filtered steam from deionized water, which removes both organic and inorganic contaminants.
Kollmorgen (Radford, VA) and KNAPP Systemintegration GmbH unveiled their new automation solution, which is meant to be installed within current warehouse infrastructure to help reduce operational costs through increased picking productivity. Automated forklifts can be used to fetch empty roller cages, escort the RF-terminals-equipped picker to the required pick locations, and dispatch full roller cages.
The PYPLOK® fittings from Tu be-Mac Industries Ltd. (Stoney Creek, Ontario, Canada) are a non-weld, 360° radial swaged connection for tubing and pipes. The fittings range in size from ¼” to 3” and can withstand pressures up to 9,000 psi. In addition, the swaging action produces a leak-free and tamper-proof connection.
The Henkel Corporation (Rocky Hill, CT) has introduced their newest anaerobic threadlocker: Loctite QuickTape 249 Threadlocker Tape. The medium-strength tape provides the same performance of liquid threadlockers yet can be carried in a pocket or toolbox, and can be pre-applied to fasteners for future assembly.
The new DRI TOUCH Non-VOC is a high-grade corrosion preventative from Birchwood Casey (Eden Prairie, MN) that contains no VOCs and forms a colorless, dry-to-touch protective film suitable for all metal surfaces. The DRI TOUCH has a flash point of 248°F, making it ideal for manufacturing facilities under air quality restrictions or with flammability hazards.
Meese Orbitron Dunne Co. (Ashtabula, OH) now offers the Recycleosaurus, a waterproof and weatherproof recycling cart and container made out of 100 percent polyethylene. The recycling bins can be configured with permanent, molded-in company logos, tracking numbers, or other markings.
CUPERTINO, Calif., (AP) — Apple Inc. said Monday that is has sold 1 million of its new iPad tablet computers in the month after its launch, meaning it's been selling more than twice as fast as the iPhone did when it was new. Apple said it reached the milestone on Friday, when the new 3G model of the iPad was delivered to its first buyers.
LINCOLN, Neb. (AP) — The federal government is conducting its first investigation into whether the handful of large meatpackers that slaughter most of the nation's cattle are illegally or unfairly driving down cattle prices, according to an official representing independent beef producers nationwide.
ST. LOUIS (AP) — Machinists at Boeing's St. Louis defense systems plant have authorized a strike if a contract is not accepted before the current agreement expires next month. The International Association of Machinists and Aerospace Workers District 837 said in a statement that the strike authorization vote was supported by 99 percent of the workers who attended a meeting on Sunday.
INDIANAPOLIS (AP) — Burial casket jobs in Richmond and computer assembly services in Carmel have shifted to Mexico. Auto stamping work once done in Howe has moved to Canada and India. Client performance analysis done in South Bend is now being handled in China. The number of Indiana plants, warehouses and offices sending jobs abroad since the recession began in December 2007 has more than doubled that of past economic downturns, U.
MIDLAND, Mich. (AP) — The garage at Circle K Service in Midland maintains the fleet of vehicles at nearby Dow Chemical Co., but a group of mechanics there has an unusual side job: building fire trucks. "We do what they call component manufacturing," said Rodney Kloha, executive vice president of Circle K Service, 4300 James Savage.
NEW YORK (AP) — The manufacturing sector likely expanded in April at the fastest pace in nearly six years, analysts say. Economists polled by Thomson Reuters expect the index from the Institute for Supply Management, a trade group of purchasing executives, rose to 60 in April from 59.
A leading international wholesale distributor that provides quality products at very competitive prices, Fair Market, Inc. requires extensive storage space to keep its products cold and fresh. With its corporate headquarters and main warehouse located in Wentzville, MO, Fair Market, Inc.